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Oil Prices Jump 7% on Israel–Iran Airstrike Tensions

With Israel carrying out airstrikes on Iranian facilities, global oil markets responded sharply. Brent crude surged by approximately 7%, settling around $74.23 per barrel, marking its strongest one-day increase since early 2022. The spike highlights investor concerns over regional supply disruptions and the strategic importance of the Strait of Hormuz  Source: arab news

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